\u00c7a\u015fq\u0131nl\u0131q \u0259n pis ruhi v\u0259 emosional i\u015fg\u0259nc\u0259l\u0259rd\u0259n biridir. Bu m\u0259qal\u0259 iqtisadiyyat\u0131n nec\u0259 bu q\u0259d\u0259r pis ola bil\u0259c\u0259yi v\u0259 birjalar\u0131n h\u0259r zaman \u0259n y\u00fcks\u0259k h\u0259dd\u0259 olmas\u0131 il\u0259 ba\u011fl\u0131 ziddiyy\u0259tl\u0259ri h\u0259ll etm\u0259kdir.<\/p>\n
M\u0259n 13 ild\u0259n \u00e7oxdur ki, birjalarda ticar\u0259t edir\u0259m. H\u0259yata obyektiv bax\u0131\u015fdan \u0259ld\u0259 etdiyim fikirl\u0259rd\u0259n istifad\u0259 ed\u0259r\u0259k, hiyl\u0259l\u0259ri v\u0259 u\u011fur qazanma\u011f\u0131n yollar\u0131n\u0131 tapd\u0131m.<\/p>\n
Birja qiym\u0259tl\u0259rinin v\u0259 h\u0259r\u0259k\u0259tl\u0259rinin nec\u0259 m\u00fc\u0259yy\u0259n edildiyini izah etm\u0259kl\u0259 ba\u015flayaq.<\/p>\n
Bazarlar se\u00e7ilmi\u015f v\u0259 \u00e7ox az sayda \u015firk\u0259tl\u0259rin orta \u00e7\u0259kili g\u00f6st\u0259ricisidir. Minl\u0259rl\u0259 ictimai \u015firk\u0259t olsa da, h\u0259min \u015firk\u0259tl\u0259rin siyah\u0131ya al\u0131nd\u0131\u011f\u0131 \u00fc\u00e7 \u0259sas AB\u015e bazar\u0131 obyektiv reall\u0131\u011f\u0131 \u0259ks etdirmir.<\/p>\n
Dow Jones 30 \u015firk\u0259t\u0259, S&P 500 \u015firk\u0259t\u0259 \u0259saslan\u0131r v\u0259 NASDAQ 100 \u015firk\u0259td\u0259n istifad\u0259 edir. Dow-a 5000-d\u0259n \u00e7ox AB\u015e s\u0259hmind\u0259n yaln\u0131z 30-u daxil olsa da, 30 \u015firk\u0259tin \u00fcmumi d\u0259y\u0259ri b\u00fct\u00fcn AB\u015e s\u0259hml\u0259rinin \u00fcmumi d\u0259y\u0259rinin t\u0259xmin\u0259n 25 faizini t\u0259\u015fkil edir.<\/p>\n
Bazar\u0131n d\u0259y\u0259rini m\u00fc\u0259yy\u0259n etm\u0259k \u00fc\u00e7\u00fcn yaln\u0131z se\u00e7ilmi\u015f bir ne\u00e7\u0259 \u015firk\u0259tin orta \u00e7\u0259kili g\u00f6st\u0259ricisind\u0259n istifad\u0259 edirl\u0259r.<\/p>\n
Bu o dem\u0259kdir ki, \u0259g\u0259r Apple bir g\u00fcnd\u0259 \u0259h\u0259miyy\u0259tli d\u0259r\u0259c\u0259d\u0259 bahala\u015fsa, NASDAQ-dak\u0131 dig\u0259r \u015firk\u0259tl\u0259rin \u00e7oxu a\u015fa\u011f\u0131 d\u00fc\u015fs\u0259, o zaman NASDAQ y\u00fcks\u0259l\u0259c\u0259k, \u00e7\u00fcnki Apple o q\u0259d\u0259r b\u00f6y\u00fck bir \u015firk\u0259tdir ki, b\u00fct\u00fcn dig\u0259rl\u0259rind\u0259n \u00fcst\u00fcnd\u00fcr.<\/p>\n
Apple-\u0131n d\u0259y\u0259ri 2 trilyon dollardan \u00e7oxdur. B\u00fct\u00fcn dig\u0259r 99 \u015firk\u0259tin \u00fcmumi d\u0259y\u0259ri m\u0259s\u0259l\u0259n, c\u0259mi 1 trilyon dollardan azd\u0131rsa, o zaman t\u0259k Apple bazar\u0131n h\u0259r\u0259k\u0259tin\u0259 v\u0259 d\u0259y\u0259rin\u0259 birl\u0259\u015fmi\u015f 99-dan iki d\u0259f\u0259 \u00e7ox t\u0259sir edir. Eyni \u015f\u0259kild\u0259, \u0259g\u0259r NASDAQ-dak\u0131 h\u0259r bir \u015firk\u0259t y\u00fcks\u0259lirs\u0259, lakin Apple azalar, bazar a\u015fa\u011f\u0131 d\u00fc\u015f\u0259r.<\/p>\n
B\u00f6y\u00fck \u015firk\u0259tl\u0259r\u0259 ki\u00e7ik \u015firk\u0259tl\u0259r\u0259 nisb\u0259t\u0259n h\u0259r\u0259k\u0259t ‘s\u0259sl\u0259ri’ verilir.<\/p>\n
2020-ci ilin avqust ay\u0131nda bazarlar h\u0259r zaman y\u00fcks\u0259k s\u0259viyy\u0259d\u0259dir, lakin a\u00e7\u0131q \u015firk\u0259tl\u0259rin 60%-d\u0259n \u00e7oxu h\u0259l\u0259 d\u0259 \u0259h\u0259miyy\u0259tli itkil\u0259rl\u0259 \u00fczl\u0259\u015fir.<\/p>\n
Fond bazarlar\u0131n\u0131n real d\u00fcnya bazar\u0131 il\u0259 he\u00e7 bir \u0259laq\u0259si yoxdur, yaln\u0131z bir ne\u00e7\u0259si \u00f6n\u0259mlidir.<\/p>\n
adl\u0131 n\u00f6vb\u0259ti yaz\u0131m; “Emosiyaya \u0259saslanan birja ticar\u0259ti” insanlar\u0131 z\u0259if investisiya q\u0259rarlar\u0131na aparan ba\u015fqa bir bazar\u0131 izah ed\u0259c\u0259k v\u0259 m\u0259nim haz\u0131rlad\u0131\u011f\u0131m v\u0259 95% u\u011furlu olan metoddan istifad\u0259 ed\u0259r\u0259k nec\u0259 pul qazanma\u011f\u0131 siz\u0259 g\u00f6st\u0259r\u0259c\u0259k.<\/p>\n
\u0130nsanlar bazarlar\u0131n qalxmas\u0131 haqq\u0131nda oxuyurlar, ona g\u00f6r\u0259 d\u0259 m\u00fcxt\u0259lif \u015firk\u0259tl\u0259rin s\u0259hml\u0259rini al\u0131rlar v\u0259 bu s\u0259hml\u0259r a\u015fa\u011f\u0131 d\u00fc\u015f\u00fcr v\u0259 \u00e7a\u015fq\u0131nl\u0131q i\u00e7ind\u0259 olurlar. “Bazarlar h\u0259r zaman y\u00fcks\u0259kdirs\u0259, niy\u0259 s\u0259hml\u0259rim azal\u0131r v\u0259 ya yenid\u0259n qalxm\u0131r?”<\/p>\n
\u00c7\u00fcnki bu, yuxar\u0131 v\u0259 ya a\u015fa\u011f\u0131 olan bir bazar deyil, sad\u0259c\u0259 bir ovuc \u015firk\u0259tdir. G\u0259lin ticar\u0259t m\u0259rk\u0259zinin b\u0259nz\u0259tm\u0259sind\u0259n istifad\u0259 ed\u0259k. Ticar\u0259t m\u0259rk\u0259zind\u0259 b\u00f6y\u00fck bir \u0259rzaq ma\u011fazas\u0131 var, onlar h\u0259mi\u015f\u0259 m\u0259\u015f\u011ful olurlar, lakin ki\u00e7ik m\u00fcst\u0259qil ma\u011fazalar\u0131n he\u00e7 bir i\u015fi yoxdur v\u0259 pul qazanm\u0131r.<\/p>\n
Ticar\u0259t m\u0259rk\u0259zinin sahibi deyir ki, ticar\u0259t m\u0259rk\u0259zind\u0259 b\u00fct\u00fcn zamanlar\u0131n \u0259n y\u00fcks\u0259k sat\u0131\u015flar\u0131 var, \u00e7\u00fcnki hesablanan yegan\u0259 kiray\u0259\u00e7i ki\u00e7ik d\u00fckanlara m\u0259h\u0259l qoymadan \u0259rzaq ma\u011fazas\u0131d\u0131r.<\/p>\n
Z\u0259nginl\u0259rin bazarlara nec\u0259 n\u0259zar\u0259t etdiyini g\u00f6st\u0259r\u0259n ba\u015fqa bir n\u00fcmun\u0259, \u0259n \u00e7ox izl\u0259nil\u0259n v\u0259 etibarl\u0131 birja \u015foular\u0131ndan biri olan CNBC TV il\u0259 milyarder birja treyderi Bill Akman aras\u0131nda birg\u0259 s\u0259ydir. Bel\u0259 b\u00f6y\u00fck bir fond meneceri v\u0259 varl\u0131 adam olan insanlar Akman\u0131n dedikl\u0259rin\u0259 inan\u0131r v\u0259 h\u00f6rm\u0259t edir v\u0259 onun m\u0259sl\u0259h\u0259tl\u0259rin\u0259 \u0259m\u0259l edirl\u0259r.<\/p>\n
18 mart 2020-ci il tarixind\u0259 c\u0259nab Akmana CNBC-d\u0259 27 d\u0259qiq\u0259d\u0259n \u00e7ox emosional s\u0259sl\u0259nm\u0259y\u0259 icaz\u0259 verildi ki, bu da m\u00fcsahib\u0259 verdikl\u0259ri dig\u0259r insanlardan daha uzun m\u00fcdd\u0259tdir. O, Koronavirus v\u0259 bunun \u00f6l\u00fcmc\u00fcl potensial\u0131 haqq\u0131nda bel\u0259 bir emosional yalvar\u0131\u015fla efir\u0259 \u00e7\u0131xd\u0131, atas\u0131n\u0131n t\u0259hl\u00fck\u0259sizliyind\u0259n qorxaraq a\u011flad\u0131. Ackman iflas ed\u0259c\u0259yini v\u0259 s\u0259hm d\u0259y\u0259rinin s\u0131f\u0131ra d\u00fc\u015f\u0259c\u0259yini s\u00f6yl\u0259diyi bir ne\u00e7\u0259 \u015firk\u0259t v\u0259 s\u0259nayenin ad\u0131n\u0131 \u00e7\u0259kdi.<\/p>\n
Tam m\u00fcsahib\u0259y\u0259 buradan baxa bil\u0259rsiniz https:\/\/www.cnbc.com\/2020\/03\/18\/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html<\/a><\/p>\n Onun \u00e7\u0131x\u0131\u015f\u0131 zaman\u0131 investorlar h\u0259min v\u0259 dig\u0259r \u015firk\u0259tl\u0259rd\u0259ki b\u00fct\u00fcn s\u0259hml\u0259rini satd\u0131qlar\u0131 \u00fc\u00e7\u00fcn birjalar \u00e7\u00f6kd\u00fc. Bu, bazar\u0131n \u00e7\u00f6k\u00fc\u015f\u00fcn\u00fcn dibi idi, o, televiziya rant\u0131n\u0131 bitirdikd\u0259n q\u0131sa m\u00fcdd\u0259t sonra s\u0259hml\u0259r b\u0259rpa olunma\u011fa ba\u015flad\u0131.<\/p>\n Bir h\u0259ft\u0259 sonra CNBC bildirdi ki, Ackman h\u0259min h\u0259ft\u0259 2 milyard dollardan \u00e7ox m\u0259nf\u0259\u0259t \u0259ld\u0259 edib, o, s\u0131f\u0131r d\u0259y\u0259r\u0259 v\u0259 iflas ed\u0259c\u0259yini s\u00f6yl\u0259diyi eyni \u015firk\u0259tl\u0259ri ALaraq.<\/p>\n Bu, sad\u0259c\u0259 m\u0259nim fikrimdir, lakin CNBC t\u0259r\u0259find\u0259n d\u0259st\u0259kl\u0259n\u0259n c\u0259nab Akman t\u0259r\u0259find\u0259n birjalar\u0131n a\u00e7\u0131q \u015f\u0259kild\u0259 manipulyasiyas\u0131 kimi s\u0259sl\u0259nir. Yen\u0259 d\u0259 insanlar\u0131 bazarlar\u0131n bu c\u00fcr manipulyasiyas\u0131ndan qorumaq \u00fc\u00e7\u00fcn h\u00f6kum\u0259t t\u0259nziml\u0259yicisi olan SEC bu bar\u0259d\u0259 he\u00e7 n\u0259 etm\u0259yib. Yen\u0259 d\u0259, 1% super varl\u0131lar, onun televiziya \u015fousu zaman\u0131 bazarlar \u00e7\u00f6k\u0259rk\u0259n, marja z\u0259ngl\u0259ri v\u0259 ya panika s\u0259b\u0259bind\u0259n s\u0259hml\u0259rini \u0259h\u0259miyy\u0259tli itkil\u0259rl\u0259 satan v\u0259 ya satma\u011fa m\u0259cbur olan ki\u00e7ik insanlar\u0131n h\u0259yat\u0131n\u0131 m\u0259hv etm\u0259kd\u0259n xilas olur.<\/p>\n Bu, insanlarda birjaya inams\u0131zl\u0131q yaradan hadis\u0259 n\u00f6v\u00fcd\u00fcr. Amma biz bel\u0259 asanl\u0131qla t\u0259slim olmamal\u0131y\u0131q.<\/p>\n Siz\u0259 \u00f6t\u00fcrm\u0259k ist\u0259diyim d\u0259rs budur ki, i\u015f d\u00fcnyas\u0131 x\u0259sislik \u00fcz\u0259rind\u0259 qurulub, amma siz bunu art\u0131q bilirsiniz. Birja il\u0259 ba\u011fl\u0131 \u0259sl d\u0259rs; reall\u0131\u011f\u0131 q\u0259bul edin v\u0259 sizi aldatma\u011fa \u00e7al\u0131\u015fd\u0131qlar\u0131 yollar\u0131 tap\u0131n, sonra onlar\u0131n hiyl\u0259l\u0259ri il\u0259 davam edin.<\/p>\n Onlar\u0131n yalan\u00e7\u0131 v\u0259 f\u0131r\u0131ldaq\u00e7\u0131 olduqlar\u0131na q\u0259z\u0259bl\u0259nm\u0259yin, bu, onlar\u0131n etdikl\u0259ri il\u0259 ba\u011fl\u0131 sizin t\u0259rifinizdir. Buna a\u011f\u0131ll\u0131 biznes deyirl\u0259r. Do\u011fru v\u0259 yanl\u0131\u015f h\u0259r \u015fey subyektiv fikirl\u0259rdir. Bu d\u00fcnyada varl\u0131lar\u0131n qanun v\u0259 qaydalar\u0131 \u0259sas g\u00f6t\u00fcrd\u00fckl\u0259ri fikirdir. Bel\u0259likl\u0259, onlar\u0131n qaydalar\u0131 il\u0259 oynay\u0131n v\u0259 siz qalib g\u0259l\u0259c\u0259ksiniz.<\/p>\n Amma xahi\u015f edir\u0259m qazand\u0131\u011f\u0131n\u0131z pulla sistem\u0259 n\u0259zar\u0259t ed\u0259nl\u0259rd\u0259n daha yax\u015f\u0131 insan olma\u011fa \u00e7al\u0131\u015f\u0131n.<\/p>\n